Tax Credit Archives

Location-based tax incentives help businesses to grow and save money.

Location-Based Tax Incentives: What Every Business Should Know

Location-Based Incentives / Brajinder Singh

Introduction Expanding, relocating, or even launching a new branch of your business can come with major expenses, but it can also open the door to financial opportunities that are often overlooked. Among the most powerful of these are location-based tax incentives provided by federal, state, and local governments to encourage businesses to invest in specific […]

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Breaking Down WOTC Eligibility: Who Qualifies and How to Apply?

hr software, Tax Credits, Work Opportunity Tax Credits / Brajinder Singh

Introduction The Work Opportunity Tax Credit (WOTC) is a valuable program designed to help businesses reduce their tax liabilities by incentivizing the hiring of individuals from groups that face significant barriers to employment. This federal tax credit encourages employers to hire candidates who might otherwise struggle to find stable work. By offering financial incentives, WOTC

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New Covid-19 Vaccine Tax Credit for Select Employers

Leave a Comment / Tax Credits / David Garcia

On Wednesday, April 21, 2021, President Joe Biden announced a refundable tax credit available for select businesses that pay employees that need to take time off to get vaccinated for Covid-19. This is part of the administration’s effort to involve employers to promote vaccination.

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